NFC World

“Juniper Research forecasts that mPOS (Mobile Points of Sale) transaction values will exceed US$1.9tn by 2024, up from $850bn in 2019. This growth will be driven by service adoption from new business users, including pop-up stores and street vendors, for whom the acceptance of card payments was previously inaccessible.” Read the rest of Juniper forecasts […]

PARTNER NEWS: Iceland’s Arion Bank has added NFC mobile payments to its mobile banking app — a key step, the bank has told What’s New in Payments, towards achieving its goal of ensuring the app’s status as the country’s leading all-in-one mobile financial service. The bank is using Dejamobile’s ReadyToTap Payments platform to add NFC

“The ability to make transactions through the Russian system will simplify payment transactions for customers of companies that offer products or services in the Russian market and, as a result, increase their turnover. For the UK, which will be the first launch country, the Mir payment system opens up access to the Russian consumer market.”

“Discover cardmembers can now use their Cashback Bonus or Miles to pay for purchases at millions of online stores through PayPal… Once cardmembers link their Discover card with PayPal, they can instantly redeem any amount of their rewards on eligible purchases at checkout.” Read the rest of Discover lets cardholders pay with points at PayPal

“Billionaire Jack Ma’s Ant Financial is planning to raise about US$1bn for a fund that will invest in startups from Southeast Asia to India and help strengthen its foothold in fast-growing mobile internet markets, a person familiar with the matter said. The internet finance company is looking to back more startups in those regions that

“The online ordering experience is designed for easy pre-configuration of orders, making saved favorites and repeat orders easy. Trial participants can order and pay with the push of a button and follow driving directions to pick up their orders… Nekter Juice Bar and Portillo’s Hot Dogs are the first live brands to participate in the

“Apple Pay’s Express Transit mode has been functional on at least some tube and bus routes in London since last Tuesday or so, according to multiple MacRumors readers… Express Transit mode eliminates the need for users to authenticate with Face ID, Touch ID, or a passcode or even wake their device when they pay for

“Orange Bank in Spain will be 100% mobile based, offering Orange customers a choice of savings account, cheque account, Mastercard debit card, group management, as well as discounts on Orange phone bills.” Read the rest of Orange Bank opens for business in Spain at NFCW.

“The government will in December 2019 launch a Universal QR code in a bid to make Ghana a cashless society, vice president Dr Mahammudu Bawumia has announced. He says with the code which leverages existing technologies, traders and businesses will be able to receive payments without a point of sale device.” Read the rest of

“The working group, which also includes Tencent, Xiaomi, and Ant Financial, is overseen by the National Information Technology Standardization Technical Committee (NITS), which is in turn affiliated with the Ministry of Industry and Information Technology. It will also promote the further formulation of facial recognition standards at an international level.” Read the rest of Chinese